PTM Partners

What PTM Partners does

PTM Partners is a Miami- and Fort Lauderdale-based real estate investment and development firm founded in 2018 that acquires, designs, develops, and operates mixed-use multifamily and hospitality assets in select U.S. growth markets. The firm pursues a luxury-but-accessible rental thesis, targeting Class A developments (Grand Central, Watermark, Viridium, 2000 Biscayne, 1900 Biscayne, Edge Collective) with hotel-quality amenities, LEED-Gold construction standards, and adaptive-reuse expertise in urban submarkets including Miami's Overtown and Edgewater, Washington DC's Buzzard Point, St. Petersburg's EDGE District, and Woodbridge, VA. PTM's core technology is real estate development and construction management rather than software; the firm's value is created through site selection, entitlement, design oversight, JV structuring with institutional capital partners (Kushner Companies, EIG, Douglas Development, The Estate Companies, IDI Group, DoveHill Capital), and operational oversight via third-party property managers and the Marriott franchise system for the 163-key Moxy hotel.

Revenue is generated through a hybrid model combining one-time property sales at stabilization (Grand Central sold in July 2022 for a record price per square foot; St. Petersburg retail sold to 90Ten in 2024), recurring multifamily rental income across approximately 770+ stabilized units (Watermark 452 units, Viridium 318 units), hospitality revenue from the operating Moxy hotel, and ground-floor commercial/retail leasing. The firm distributes via direct institutional sales, professional property management for multifamily assets, the Marriott International franchise for hospitality, and broker-leased commercial spaces. PTM employs 1–10 people and is led by ex-LeFrak principals Michael Tillman (CEO/CIO) and Nicholas Pantuliano (CDO/COO), whose prior track record includes over $20 billion in real estate transactions and $8 billion in construction.

Name

PTM Partners

Legal name

PTM Partners LLC

Website

https://ptmpartners.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

PTM Partners is a US real estate development firm that acquires, designs, and operates Class A mixed-use multifamily and hospitality assets in Florida, DC, and Virginia, targeting institutional JV partners and recurring rental/hospitality revenue streams.

Ownership category

akta.pro rank

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Property Sales: PTM sells completed developments at market peak, as evidenced by Grand Central selling in July 2022 for a record price per square foot.
2. Multifamily Rental Income: Operating properties generate recurring rental revenue from residential units. Watermark has 452 units and Viridium has 318 units in operation.
3. Hotel Operations: The Moxy by Marriott hotel at Edge Collective generates hospitality revenue including rooms, restaurant, and rooftop amenities.
4. Commercial/Retail Leasing: Mixed-use developments include ground floor retail and commercial space leased to tenants, such as 3,400 SF retail at Edge Collective and 4,200 SF at 2000 Biscayne.
5. Property Acquisitions and Dispositions: PTM acquires properties for development and sells completed or stabilized assets to institutional investors, as shown by the $13.1M St. Petersburg acquisition and subsequent sale to 90Ten.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

PTM Partners is a real estate investment and development firm that acquires, designs, develops, and operates Class A multifamily residential, mixed-use, and hospitality assets in high-growth U.S. urban markets including Miami, St. Petersburg, Fort Lauderdale, Washington D.C., and Virginia. Projects are typically structured as joint ventures with institutional equity partners and construction financed by institutional lenders, with completed and stabilized developments sold to institutional buyers or held for rental/hotel operations. The portfolio emphasizes Opportunity Zone investments and ESG-integrated design, including LEED-Gold certifications.

Product overview

PTM Partners is a real estate development firm offering a portfolio of luxury multifamily and mixed-use properties across multiple U.S. markets. The company's core products include Class A multifamily developments (Grand Central in Miami, Watermark in Washington D.C., Viridium in Virginia, Edgewater Collective I & II in Miami), mixed-use hospitality projects (Edge Collective in St. Petersburg), and commercial developments. The portfolio spans residential apartments ranging from 318 to 873 units, hotel properties (163-key Moxy hotel), and retail/commercial spaces totaling tens of thousands of square feet.

Differentiator

Problem solved

Functional benefit

Products and services

• Grand Central 18-story luxury Class A multifamily building with 360 units and 1,200 SF of retail in Historic Overtown of Downtown Miami; the first luxury Class A development in Overtown in several decades, featuring upscale amenities including a double-height marble lobby, pool deck, spa, sauna, hair salon, pet care facility, and outdoor kitchen.
• Watermark 452-unit multifamily adaptive reuse development on a 2.6-acre waterfront parcel in Washington D.C.'s Buzzard Point neighborhood; LEED-Gold certified full-gut renovation of existing office building converted to residential use with water views, opened Summer 2020.
• Viridium 318-unit, 6-acre multifamily development on the banks of the Occoquan River in Woodbridge, Virginia, featuring water views toward the river and harbor with forest surroundings.
• Edge Collective Mixed-use development in St. Petersburg's EDGE Arts District featuring a 163-key Moxy by Marriott lifestyle hotel with rooftop pool and restaurant, 3,400 SF of health-focused retail, 8,000 SF restaurant, 16,500 SF creative office space, and 7,000 SF communal garden.
• 2000 Biscayne (Edgewater Collective I) 36-story Opportunity Zone tower with 420 units and 4,200 SF of ground floor retail on Biscayne Boulevard in Miami's Edgewater submarket, featuring unobstructed views of Biscayne Bay with over 80% of units having water views.
• 1900 Biscayne (Edgewater Collective II) Two-phase multifamily and commercial campus development with 873 units across two 42-story towers on 2.2 acres in Miami's Edgewater submarket, featuring unified 9-floor podium, nearly 1,300 total rental units when complete, active green spaces, neighborhood retail, destination F&B, and elevated amenity decks with water views across Biscayne Bay.
• Edge Collective II Full city block development on Central Avenue within St. Petersburg's downtown EDGE District, weaving innovations of tomorrow into the fabric of design; positioned as the key link between Central Avenue and the 86-acre Tampa Bay Rays master plan development.

Quantifiable outcome

• 65% of local population can afford rental rates at PTM developments

Named customers6 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core.

• The Estate CompaniescoreStrategic or Co-development Partner · 1 July 2022JV partner with PTM on Grand Central, an 18-story multifamily development in Miami's Historic Overtown. The Estate Companies served as general contractor and JV partner on this $55M+ project that was the first luxury Class A development in Overtown in decades.
• Marriott InternationalcoreStrategic or Co-development Partner · 19 May 2022Moxy by Marriott franchise agreement for the 163-key lifestyle hotel at Edge Collective in St. Petersburg. The hotel opened in Q1 2024 with rooftop pool and restaurant.
• Kushner CompaniescoreStrategic or Co-development Partner · 22 November 2021Strategic partnership on 2000 Biscayne Boulevard in Miami's Edgewater submarket. PTM and Kushner Companies announced partnership for this 420-unit Opportunity Zone multifamily tower development.
• Kushner CompaniescoreStrategic or Co-development Partner · 17 November 2021Kushner Companies brought on PTM Partners for Opportunity Zone rental towers in Miami, specifically the Edgewater Collective development totaling nearly 1,300 units across two phases.
• The IDI Group CompaniescoreStrategic or Co-development Partner · 20 April 2021JV partner on Viridium, a 318-unit multifamily development in Woodbridge, Virginia. The IDI Group Companies and PTM celebrated project completion in early 2023, with a $60M refinancing secured in June 2024.
• Douglas Development CorporationcoreStrategic or Co-development Partner · 30 September 2020JV partner on Watermark, a 452-unit adaptive reuse development in Washington D.C.'s Buzzard Point. Douglas Development is a fully integrated developer in the DC metro area that partnered on this LEED-Gold certified project.
• DoveHill Capital ManagementcoreStrategic or Co-development Partner · 19 November 2019JV partner on Edge Collective mixed-use development in St. Petersburg's EDGE District. DoveHill Capital Management partnered on this 163-key Moxy hotel plus retail and creative office project.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• ZOM Living: Luxury multifamily developer with a national portfolio including Florida, DC, and Mid-Atlantic markets. Directly comparable to PTM on Class A rental product, submarket selection (urban infill/waterfront), and amenity-driven positioning.
• The Estate Companies: Florida-based general contractor and developer. Comparable to PTM as JV partner on Grand Central, with overlapping Florida Class A multifamily execution capability.
• Kushner Companies: Multifamily and commercial developer active in NYC, New Jersey, and Florida. Directly comparable to PTM as its JV partner on 2000/1900 Biscayne Edgewater Collective — overlapping product type (OZ multifamily towers) and geographies.
• Crescent Heights: Miami-headquartered luxury high-rise multifamily developer with national presence. Directly comparable to PTM on urban Class A multifamily towers, Miami/Edgewater exposure, and amenity-driven product positioning.
• Douglas Development Corporation: Vertically integrated DC-metro developer. Comparable to PTM as JV partner on Watermark, with overlapping adaptive-reuse and Class A multifamily expertise in the DC submarket.
• Alliance Residential Company: National multifamily developer and manager with a heavy Southeast/Mid-Atlantic pipeline including Miami, DC, and Virginia. Comparable to PTM on Class A urban infill multifamily, mixed-use, and amenity-driven product.
• Property Markets Group (PMG): Luxury residential and mixed-use developer active in NYC, Miami, and other gateway cities. Closely comparable to PTM on urban Class A multifamily towers, branded/lifestyle amenity positioning, and JV-driven development model.
• The Related Group: Largest Florida-based multifamily and mixed-use developer, with a deep Miami and South Florida portfolio including luxury condo, rental, and hospitality. Most directly comparable to PTM on product type, geography, and Class A urban infill strategy.

Broad incumbents

• LeFrak: Large, diversified NYC-based real estate developer and owner. Comparable to PTM as the firm where Tillman and Pantuliano previously led acquisitions and construction, with overlapping multifamily and hospitality expertise but vastly broader portfolio.
• Lennar Multifamily Communities (LMC): National multifamily development arm of Lennar Corporation. Comparable to PTM on Class A rental product and mixed-use components, but at much larger scale and broader geographic footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ptm-partners

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PTM Partners